Sahayogi and Fewa bank also enter in inter-bank electrical payment system

Kathmandu January 14- Sahayogi development bank and Fewa development bank has also entered into inter-bank electrical payment system. MoU between both development banks and Nepal Clearing House has been signed on Wednesday in this regard. According to Agreement, Nepal Clearing house will provide NCHL-IPS system to both banks in order to carry out inter-bank electrical payment system.

Nilesh Man Singh Chief Executive Officer of Nepal Clearing House , Janish Kumar Singh Chief Executive Officer of Sahayogi Development Bank and Resham Bahadur Thapa Chief Executive Officer of Fewa Developmet Bank signed on the MoU in behalf of their respective companies.

Customers of member banks and financial institutions of the company can  deposit or pay through any member banks through NCHL-IPS system. As per the agreement, Nepal Clearing House Ltd will provide NCHL-IPS systemto these banks in order to carry out inter-bank services.

Banks and financial institutions associated with NCHL-IPS system can transfer money of customers in any other banks and financial institutions.